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Old 05-05-2003, 02:16 PM   #1
Futher
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Default Best way to Invest 10 grand..

I recently aquired 10 thousand dollars, and I need ideas on how to INVEST my money to receive the highest interest possible. Notice how I said invest, not spend =) Anyone have any ideas? Thanks
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Old 05-05-2003, 02:17 PM   #2
Hoober
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Default Best way to Invest 10 grand..

If you want it to be secure, then I would look into CD's. You might be able to find something with a rate around 5 or 6 percent.
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Old 05-05-2003, 02:19 PM   #3
jurzdevil
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Default Best way to Invest 10 grand..

just throw it in a bank account with interest. may not be a high return but should be stable.
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Old 05-05-2003, 02:20 PM   #4
stev0
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Default Best way to Invest 10 grand..

Quote:
Originally posted by: Futher
I recently aquired 10 thousand dollars, and I need ideas on how to INVEST my money to receive the highest interest possible. Notice how I said invest, not spend =) Anyone have any ideas? Thanks
if you have the time. i think you could make some nice size in the market.
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Old 05-05-2003, 02:20 PM   #5
Yossarian
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Default RE: Best way to Invest 10 grand..

When do you expect to need the money? Can't really make any recommendations without knowing that.
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Old 05-05-2003, 02:21 PM   #6
Futher
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1 to 2 years at most. No long term CD's or investing
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Old 05-05-2003, 02:21 PM   #7
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Default RE: Best way to Invest 10 grand..

Bonds...
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Old 05-05-2003, 02:22 PM   #8
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#4 to Place and Show....5th race....Aqueduct.

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Old 05-05-2003, 02:24 PM   #9
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Default Best way to Invest 10 grand..

Quote:
Originally posted by: Futher
I recently aquired 10 thousand dollars, and I need ideas on how to INVEST my money to receive the highest interest possible. Notice how I said invest, not spend =) Anyone have any ideas? Thanks
www.ingdirect.com
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Old 05-05-2003, 02:30 PM   #10
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Default Best way to Invest 10 grand..

Quote:
Originally posted by: Futher
1 to 2 years at most. No long term CD's or investing
There are CDs with 1-2 year investment periods, but I doubt the rates will be much better than a savings account.

The way the market is now, I really wouldn't invest any significant amount of money in anything but a money-market fund if the time period in which you need to have your money available is only a couple of years. Otherwise, you run the risk that your investments will have lost value by the time you need the funds without any time to make up for losses.
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Old 05-05-2003, 02:30 PM   #11
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Put it all on black.
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Old 05-05-2003, 02:31 PM   #12
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Read through the F@twallet finance forum

The thread linked may be of interest to you. You could earn a pretty good return on bonds but you have to work for it.
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Old 05-05-2003, 02:32 PM   #13
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Quote:
Originally posted by: iwearnosox
Put it all on black.
00 is where it is really at..

if you win I want 20%
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Old 05-05-2003, 02:34 PM   #14
JeffreyLebowski
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give it to me, I gaurantee i can turn it into 10x as much in about 2 weeks.
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Old 05-05-2003, 02:34 PM   #15
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Put it all in one stock...preferrably a high tech/biotech or pharmaceutical. Don't go for blue chips...look for small companies under the radar that are lobbying the FDA for approval of a new drug or procedure...
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Old 05-05-2003, 02:35 PM   #16
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Give it to me.
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Old 05-05-2003, 05:50 PM   #17
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Default Best way to Invest 10 grand..

Quote:
Originally posted by: iwearnosox
Put it all on black.
Hah hah...I was like "???" then I suddenly got that.

The best way for you to invest money is for you to do research and find out all these different ways rather than listening to one person telling you to "do this".

Look into IRA's, look into stocks, CD's, mutual funds, etc.

Alot of people are saying not to invest in stocks right now because they're not doing so well. Well, do you want to invest when stocks are doing very well and prices are high? No, I would try to accumulate when prices are low and wait until the market recovers (how ever long that will take). Buy stocks that YOU think are going to do well, but remember to research it first.

If it's the bank account approach you want to take, Ford Financial has a 3% money market account which is higher than what a bank will give you, but you have to maintain $10,000 or more. Ford Financial.com

Another site to check out interest rates is Bankrate.com

Good luck and may you invest your money safely and prosper. Good that you're not spending it. It's funny that when someone is given money they're prepared to throw it all away...
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Old 05-05-2003, 05:53 PM   #18
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Look for a house to buy as a rental. The house will appreciate and you will have someone else paying the morgage for you.
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Old 05-05-2003, 05:59 PM   #19
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Quote:
Originally posted by: fishingeek
Look for a house to buy as a rental. The house will appreciate and you will have someone else paying the morgage for you.
if you can buy a house for ten gand, you risk it being boarded up by the police as a crackhouse
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Old 05-05-2003, 05:59 PM   #20
chiwawa626
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When you say "aquired" it sounds like you stole it

I dont have much financial advise, but just dont spend it all, or dont goto vegas with it.
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Old 05-05-2003, 06:03 PM   #21
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Default Best way to Invest 10 grand..

a question for you guys.

doesn't money inflate about 2-3% every year? if you earn 3% a year in a CD, what's the point? You barely beat it's original value just for not spending them..

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Old 05-05-2003, 06:06 PM   #22
richardycc
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are you that guy that got 10k for a slip and fell injury that someone mentioned on here?

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Old 05-05-2003, 06:08 PM   #23
xuanman
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Default Best way to Invest 10 grand..

Quote:
Originally posted by: Dznuts007
Quote:
Originally posted by: iwearnosox
Put it all on black.
Look into IRA's, look into stocks, CD's, mutual funds, etc.
to Futher: definitely do not put money into an IRA if you are looking at a 1-2 year time horizon.
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Old 05-05-2003, 06:11 PM   #24
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Default Best way to Invest 10 grand..

Quote:
Originally posted by: uncJIGGA
Put it all in one stock...preferrably a high tech/biotech or pharmaceutical. Don't go for blue chips...look for small companies under the radar that are lobbying the FDA for approval of a new drug or procedure...
haha, good idea
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Old 05-05-2003, 06:11 PM   #25
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Umm, ok I'll cut you a deal. You give me say... five thousand, you keep the other half and give it to me when I give you your half back. This way you'll be sure to get the five thousand back. We can work out any details over e-mail, I'm sure we can reach some kind of deal. Oh, and I have 4 years of experience in lending/loaning money like this to countless middle school and high school kids. Don't worry, I won't rip you off.


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